In todays Trinidad Guardian Falling oil prices dampen party mode However, the streets were mostly clear, with stores empty for the most part, despite discount prices and sales. President of the San Fernando Business Association, Daphne Bartlett, said the lack of a festive spirit was evident as consumers have begun to wise up about falling oil prices. “Sales are still down, people are shopping cautiously now as they have become aware of the falling oil and gas prices,” said Bartlett. “Consumers are holding on to their cash, even though most stores still have unusually high discounts.” She said business owners would now have to find ways to improve their practices including embracing technology. “Its not all doom and gloom, once you can diversify your business you will survive. Putting part of your business online could be a viable option.” She called on government to move decisively to diversify the economy as well. Street vendors also complained of slow sales. [ Click the link to read this article in full guardian.co.tt/news/2015-01-01/falling-oil-prices-dampen-party-mode ]
Posted on: Thu, 01 Jan 2015 12:45:01 +0000
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